Sunday, 17 March 2013
Censored by Huffington Post - the solution (to the budget) is simple
The solution is simple.
You cut ALL of the well over $1.3tn a year of Corporate Welfare.
Some of this is direct subsidies to big business.
Some of it is tax loopholes for large corporations
Some of it is pure waste - like America paying the highest price for drugs in the world - cut the costs of the drugs and save spending on Medicare/Medicaid.
Some of it is in other forms of waste like :-
Paying mercenary contracts of over $100bn a year when they charge 5 times as much as using US troops
Or the continuation of the F35 plane project at $12.6bn a year, which even John McCain described as a complete waste of money.
How about cutting America's ballistic nuclear submarine fleet saving $2bn a year. The submarine fleet is still at cold war levels.
How about cutting the bloated DHS budget that is spending countless billions in order to spy on every American citizen.
Loads of ways to save money.
Loads of ways to cut the massive subsidies to big business.
The big banks are being subsidised to the tune of nearly $1tn a year.
Stop doing that and the rest of America would be almost $1tn a year better off.
Addendum
The subsidies to the big banks are on top of the $1.3tn of Corporate Welfare quoted above. The true level of Corporate Welfare is well over $2tn a year.
You can think of this as wealth redistribution.
Wealth redistribution from the many to the very few.
My above comments to this article are being censored.
http://www.huffingtonpost.com/2013/03/17/boehner-corker-taxes_n_2895620.html
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